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Biotech Sage Subscription BioTech Stock Report - anticipation Tularik

September 8, 2003 There could be additional upside with Tularik’s/NASDAQ:  TLRK share price with the anticipation of clinical updates on four of its drugs in the fourth quarter of 2003 and the first half of 2004.

Tularik’s clinical development is on track to enroll the first 100 patients for a total of 750 total worldwide for T67 for liver cancer in a pivotal trial by year-end. The company will give an enrollment update by year-end and expects to present interim safety/efficacy data in mid-2004. The primary endpoint is survival and surrogate endpoints response rate, time to progression, and reduction in alpha-fetal protein, and quality of life will also be monitored. Currently there are no approved drugs for liver cancer, therefore Tularik may seek accelerated approval for T67 if the drug shows significant benefit based on surrogate endpoints from the first 100 patients.

In July, the company initiated Phase II trials for T607 for liver cancer, ovarian cancer, gastric cancer, and esophageal cancer. The endpoint for each of the T607 trials is radiological response rate. By the end of 2003, Phase II trials should be completed and the results presented possibly at ASCO 2004.

On January 24, 2003, Tularik initiated a multiple dose Phase I trial in healthy individuals in the United Kingdom of T131, a potent and orally active insulin sensitizer for the potential treatment of Type II diabetes. If results are positive, a Phase II trial could be initiated as early as the fourth quarter of 2003.

Finally, Tularik completed the single dose portion of the T487 Phase I trial in healthy patients and has recently initiated the multiple dose portion of the study. The company expects to initiate proof-of-concept Phase II trials in rheumatoid arthritis and psoriasis patients in the fourth quarter of 2003.

With four drugs in clinical development and barring any unforeseen events, Tularik is sure to bring at least one drug to market, which will improve the company’s revenue stream and bring a smile to investors faces.

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